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Hotland Holdings CoTSE:3196 +0.06%78 Graham Number is 円713.89 as of Dec. 2025, which is 100% below its 10-year median of 2.46. GuruFocus rates TSE:3196 with a GF Score™ of 78/100 and a GF Value™ of 円2,803.16 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 207 Restaurants companies, Hotland Holdings Co ranks worse than 62.8% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-08-16), the stock price of Hotland Holdings Co is 円1632.00. Hotland Holdings Co's graham number for the quarter that ended in Dec. 2025 was 円713.89. Therefore, Hotland Holdings Co's Price to Graham Number ratio for today is 2.08.
The historical rank and industry rank for Hotland Holdings Co's Graham Number or its related term are showing as below:
TSE:3196'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.37 Med: 2.46 Max: 5.75
Current: 2.06
During the past 13 years, the highest Price to Graham Number ratio of Hotland Holdings Co was 5.75. The lowest was 1.37. And the median was 2.46.
TSE:3196's Price-to-Graham-Number is ranked worse than 62.8% of 207
companies
in the Restaurants industry
Industry Median: 1.62
vs TSE:3196: 2.06
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Hotland Holdings Co (TSE:3196) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Hotland Holdings Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
1632.00
/
784.82
=
2.08
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Hotland Holdings Co Graham Number Related Terms
Hotland Holdings Co Graham Number Historical Data
* Premium members only.
The historical data trend for Hotland Holdings Co's Graham Number can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TSE:3196 vs MCD, SBUX, YUM: Graham Number Comparison
For the Restaurants subindustry, Hotland Holdings Co's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hotland Holdings Co Price-to-Graham-Number vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Hotland Holdings Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Hotland Holdings Co's Price-to-Graham-Number falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hotland Holdings Co (TSE:3196) has a Graham Number of 円713.89 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hotland Holdings Co and its competitors. This is 28920% above median its historical median of 2.46. Over the past decade, Hotland Holdings Co's Graham Number has ranged from 1.37 to 5.75. According to the industry distribution chart, Hotland Holdings Co ranks #130 out of 207 companies in the Restaurants industry, placing it in the top 62.8%.
Is Hotland Holdings Co's Graham Number too high?
Hotland Holdings Co's current Graham Number of 円713.89 is 28920% above median its 10-year median of 2.46. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 5.75. Based on the distribution chart, Hotland Holdings Co ranks #130 out of 207 companies in the Restaurants industry, which is below the industry midpoint. Overall, Hotland Holdings Co has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hotland Holdings Co's Graham Number compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Hotland Holdings Co ranks #130 out of 207 companies for Graham Number. This places Hotland Holdings Co in the lower half of its industry. The industry median Graham Number is 1.62. Historically, Hotland Holdings Co's own Graham Number has ranged from 1.37 to 5.75 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Restaurants company?
The median Graham Number among Restaurants companies is 1.62, based on 207 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hotland Holdings Co and its competitors. For the Restaurants industry, the median Graham Number is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hotland Holdings Co's current Graham Number is 円713.89, which is 28920% above median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotland Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Hotland Holdings Co (TSE:3196) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,803.16, compared to a current price of 円1,632.00 — trading 41.8% below its estimated fair value. The current Graham Number is 円713.89, which is 28920% above median its 10-year median of 2.46. Hotland Holdings Co's overall GF Score™ is 78/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Hotland Holdings Co (TSE:3196), the current Graham Number is 円713.89 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hotland Holdings Co (TSE:3196) Overvalued in 2026?
Based on GuruFocus' analysis, Hotland Holdings Co stock appears to be undervalued.
The current stock price of 円1,632.00 is trading 41.8% below its estimated GF Value™ of 円2,803.16.
GuruFocus considers Hotland Holdings Co to be Significantly Undervalued.
Key valuation signals for TSE:3196:
Graham Number: 円713.89 (28920% above median its 10-year median of 2.46)
GF Value™: 円2,803.16 vs. price of 円1,632.00 (41.8% below fair value)
No single metric tells the full story. See the TSE:3196 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hotland Holdings Co Ltd is a Japanese company engaged in operating a restaurant chain. The brands of the company include Silver Octopus, Gindaco Highball Bar, Gindaco Bar, Gindako Highball Alley, Silver bean paste, Japan Reborn Bar, and others.
78GF Score
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